March 9, 2015
In the sale of football TV rights, capitalism is acting against the consumer, against the companies, against the clubs. The only beneficiaries are the tiny number of top-rated players.
The recent 70% increase will by-pass everyone else and go directly to these players. So if Radamel Falcao gets £300,000 per game now, he can look forward to £510,000 per game next year. However, his talent will not increase by 70%. His productivity will not increase by 70%. The fans will not receive a 70% increase in benefit. This is the dysfunctional way the market works, in football rights.
The buyers of the rights, BT and Sky are uninterested in football itself. They want to sell TV in order to bundle telephone and broadband into the sale.
Football is unique as an anchor for the sales of these other products. But because fans have no other way to enjoy their team, the prices gets forced up by the commerce of phone, internet, TV. This is not healthy competition that drives down prices for consumers, but unhealthy competition that drives them up.
It has got so bad that most people are forced to go to the pub to watch a game of football, because they can’t afford it at home. Dads used to bond with sons over this game, but not anymore. Read the rest of this entry »
December 30, 2014
There is no better example of the times we live in, than the contrast in attitudes between Ursula Brannan and Hugh Strickland, witnesses before the Public Accounts Committee, on the effect of Legal Aid cuts.
One was armed with the facts, prepared with his arguments, and ready to justify his organisation. The other gave the impression that the MPs were lucky she had bothered to turn up.
One provided evidence based research to demonstrate why his organisation should continue to exist, while the other claimed to be acting on evidence, then realised that she wasn’t, when cross examined by Ms Hodge.
One runs an organisation whose future is so precarious that he doesn’t know whether it will be funded next year. The other is responsible for implementing Legal Aid cuts, and irritated that people weren’t a little more grateful for her hard work.
Hugh Strickland represented the Citizens Advice Bureau, and Ursula Brannan represented the Ministry of Justice. This spectacle makes up the first section of the BBC iPlayer clip (available until 6th Jan).
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October 29, 2014
During last week’s PMQs, David Cameron spoke of the failure to deport foreign criminals by accusing the opposition Labour Party of not being supportive of his efforts. Can I suggest that Labour can be supportive, if the government implements this simple policy to help protect the British people?
The Livescan fingerprint computer is the modern way of taking fingerprints, by placing the hand against a plate of glass, and allowing the computer to scan the prints. Within minutes Livescan produces the identity, photo and previous convictions of the subject.
Livescan is installed in most police stations in the UK and across the EU. This means that if someone is wanted as a paedophile, in Lithuania, then the computer has the power to immediately identify this person.
Unfortunately, the UK Livescan system is not connected to the EU, because the Tories don’t want integration between our criminal justice system and the rest of Europe. This means that foreign paedophiles and murderers can come to this country and evade detection. Even if they were arrested for some minor offence, we wouldn’t realise they were wanted if they gave a false name. The only way the officer could identify them, would be if he made a manual enquiry with Interpol, or happened to remember their face from a wanted poster from whichever country. Read the rest of this entry »
April 28, 2014
The investment community were expecting an ISA cap as the main feature of George Osborne’s budget, so they were as surprised as everyone else by the annuity policy. The budget was greeted with good cheer. Not only did the cap not happen, but the annual investment limit had been raised to a whopping £15k, without the Labour party seeming to notice. What a coup!
So let’s just see how the ISA breaks down. Let’s imagine a baby called Gideon junior comes into this world to a wealthy family, who immediately open a junior ISA, and deposit the maximum £4k per year until he is 16. He then gets an inheritance and he deposits the maximum £15k per year until he reaches the retirement age of 68. How much tax free wealth will he have by that time?
Financial advisers calculate future returns as being either 3%, 6%, or 9%, depending on how optimist the client is, of future returns, or interest rates. Using the 6% figure, Gideon junior would have £107,458 by the time he reaches 16. With £15k a year added, at 6% compound interest, by the time he is of retirement age of 68, his ISA would have grown to £7,811,662. Read the rest of this entry »
April 14, 2014
According to a study by Ipsos Mori, the British people seem to believe themselves to be surrounded by foreigners and scroungers. People perceive that there are five times as many Muslims as there are in reality. They believe that there are three times as many unemployed. They think that Christians are only a third of the population, when in fact they are almost double that figure. What to make of it? Read the rest of this entry »
March 10, 2014
The Tories have gotton so excited about the idea of decriminalising the BBC license fee, that it’s difficult to avoid the suspicion that they see this as an opportunity to do down the national broadcaster. Labour needs to have a response, or else the debate will be guided by those who wish to see television controlled by press barons and oligarchs.
Apparently 10% of cases before the magistrates’ courts are for evasion of the license fee. On the face of it this sounds extraordinary, but before we accept this figure on face value, we should first recognise that it came from the Magistrates Association, a body with a history empire building.
In recent years they have campaigned for fewer cases to be sent up to the crown court for sentencing, for themselves and not the police to give cautions to offenders, and for the abolition of fixed penalty notices, in order that they can have a monopoly over fines.
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February 26, 2014
The railway that passes our constituency office in Bethnal Green and Bow is owned by Abellio, the Dutch state railway company. Am I alone in thinking this is somewhat surreal?
We put these franchises out to tender because we wanted the private sector to provide their management know-how. It turns out that this company is not private sector but is the state sector of Holland. So rather than having the British state running British railways, we have the Dutch state running British railways, because they outbid the private rail companies, presumably because they have better management know-how. Read the rest of this entry »